Arthur Rudnick
Guru
- 1,652
[FONT="Calibri","sans-serif"]Commissions for lifetime and limited pay stay as before until 30 days from the 4/3 date on the letter[/FONT]
· [FONT="Calibri","sans-serif"]After 5/3, there will be no commissions for limited pay[/FONT]
· [FONT="Calibri","sans-serif"]After 5/3 no lifetime benefit policies can be sold[/FONT]
· [FONT="Calibri","sans-serif"]Agents can still sell limited pay after 5/3 but will get no comp[/FONT]
· [FONT="Calibri","sans-serif"]Agents will not be able to quote lifetime benefits or limited pay after 5/3[/FONT]
· [FONT="Calibri","sans-serif"]We are being told that internals can still run limited pay quotes after 5/3 with no comp to agent if they want to sell them.[/FONT]
· [FONT="Calibri","sans-serif"]For original comp level on limited pay or for lifetime benefits, apps must be signed and received at home office by 5/3/2013, 5pm central time[/FONT]
[FONT="Calibri","sans-serif"]Comment:
no more Lifetime benefits...........[/FONT]
[FONT="Calibri","sans-serif"]Understood.[/FONT]
[FONT="Calibri","sans-serif"]No more comp on limited pay.[/FONT]
[FONT="Calibri","sans-serif"]?????[/FONT]
[FONT="Calibri","sans-serif"]So, why would an agent sell a limited pay and not receive comp? Why not just discontinue limited pay as an option?[/FONT]
[FONT="Calibri","sans-serif"]Strange move from a strange carrier.[/FONT]
· [FONT="Calibri","sans-serif"]After 5/3, there will be no commissions for limited pay[/FONT]
· [FONT="Calibri","sans-serif"]After 5/3 no lifetime benefit policies can be sold[/FONT]
· [FONT="Calibri","sans-serif"]Agents can still sell limited pay after 5/3 but will get no comp[/FONT]
· [FONT="Calibri","sans-serif"]Agents will not be able to quote lifetime benefits or limited pay after 5/3[/FONT]
· [FONT="Calibri","sans-serif"]We are being told that internals can still run limited pay quotes after 5/3 with no comp to agent if they want to sell them.[/FONT]
· [FONT="Calibri","sans-serif"]For original comp level on limited pay or for lifetime benefits, apps must be signed and received at home office by 5/3/2013, 5pm central time[/FONT]
[FONT="Calibri","sans-serif"]Comment:
no more Lifetime benefits...........[/FONT]
[FONT="Calibri","sans-serif"]Understood.[/FONT]
[FONT="Calibri","sans-serif"]No more comp on limited pay.[/FONT]
[FONT="Calibri","sans-serif"]?????[/FONT]
[FONT="Calibri","sans-serif"]So, why would an agent sell a limited pay and not receive comp? Why not just discontinue limited pay as an option?[/FONT]
[FONT="Calibri","sans-serif"]Strange move from a strange carrier.[/FONT]